Gresend
ActiveSummary
The computed 12-month bankruptcy probability of Gresend is 4.3% (elevated). The 2025 annual accounts show equity of €54,666 and a net result of €21,147. Equity is growing by ~40.8% per year across the filed fiscal years. Its solvency ranks better than 68% of 482 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-7
Solvency79▲+14
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.88 against 1.4 in 2024; short-term debt: 46.4% and cash: 13.8% of total assets), and 46.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Postal and courier activities (NACE 53)
about 277% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.6%
Return on assets
20.7%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-02-2026, 16 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
16 d late
2024
98 d late
2023
78 d late
2022
8 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 50 days after the deadline; the sector median for financial year 2024 is 12 days after the deadline, and 56% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Financials · fiscal year 2025, micro schema
Turnover
€482,847
EBIT margin
5.5%
Net result
€21,147▲ 86.1%
2024 · €11,361
Working capital
€41,620▲ 110%
2024 · €19,863
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Turnover€482,847
Operating result€24,582--€1,599€16,551€26,698▲ 61.3%
Net result€18,293--€2,135€11,361€21,147▲ 86.1%
EBIT margin5.5%
Equity€24,293-€22,157▼ 8.8%€33,519▲ 51.3%€54,666▲ 63.1%
Total assets€63,295-€48,760▼ 23.0%€83,270▲ 70.8%€102,026▲ 22.5%
Debt€39,002-€26,603▼ 31.8%€49,751▲ 87.0%€47,360▼ 4.8%
Working capital€4,388-€7,677▲ 75.0%€19,863▲ 159%€41,620▲ 110%
Staff (FTE)1.10.5▼ 54.5%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 61% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102,026
Fixed assets
€13,046 ▼ 4.5%
Current assets
€88,980 ▲ 27.8%
Equity and liabilities €102,026
Equity
€54,666 ▲ 63.1%
Debt
€47,360 ▼ 4.8%
Debt's share of the balance-sheet total falls from 59.7% to 46.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33,987▲
2024 · €26,375
Cash flow
€28,436▲
2024 · €21,186
Current ratio
1.88▲
2024 · 1.40
Debt to equity
0.87▼
2024 · 1.48
ROE
38.7%▲
2024 · 33.9%
ROA
20.7%▲
2024 · 13.6%
Interest coverage
8.63▼
2024 · 15.50
Debt ≤ 1 year
€47,360▼
2024 · €49,751
Income taxes
€2,243▼
2024 · €3,646
Staff costs
€3,946▼
2024 · €47,759
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | - | €482,847 | - |
| Remuneration, social security and pensions62 | - | €32,009 | €47,759 | €3,946 | ▼ 91.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,194 | €9,819 | €9,824 | €7,289 | ▼ 25.8% |
| Other operating charges640/8 | €510 | €4,305 | €2,166 | €2,035 | ▼ 6.0% |
| Gross operating margin9900 | €31,286 | €44,534 | €76,300 | €39,968 | ▼ 47.6% |
| Operating profit (loss)9901 | €24,582 | -€1,599 | €16,551 | €26,698 | ▲ 61.3% |
| Financial income75/76B | - | €317 | €158 | €631 | ▲ 299% |
| Recurring financial income75 | - | €317 | €158 | €631 | ▲ 299% |
| Financial charges65/66B | €35 | - | €1,702 | €3,939 | ▲ 131% |
| Recurring financial charges65 | €35 | - | €1,702 | €3,939 | ▲ 131% |
| Profit (loss) for the period before taxes9903 | €24,547 | -€1,282 | €15,007 | €23,390 | ▲ 55.9% |
| Income taxes67/77 | €6,254 | €854 | €3,646 | €2,243 | ▼ 38.5% |
| Profit (loss) for the period9904 | €18,293 | -€2,135 | €11,361 | €21,147 | ▲ 86.1% |
| Profit (loss) for the period to be appropriated9905 | €18,293 | -€2,135 | €11,361 | €21,147 | ▲ 86.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €63,295 | €48,760 | €83,270 | €102,026 | ▲ 22.5% |
| Fixed assets21/28 | €24,299 | €14,480 | €13,656 | €13,046 | ▼ 4.5% |
| Intangible fixed assets21 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €24,299 | €14,480 | €13,656 | €13,046 | ▼ 4.5% |
| Plant, machinery and equipment23 | €724 | €1,573 | €9,781 | €7,195 | ▼ 26.4% |
| Furniture and vehicles24 | €23,575 | €12,908 | €3,874 | €5,851 | ▲ 51.0% |
| Current assets29/58 | €38,997 | €34,280 | €69,614 | €88,980 | ▲ 27.8% |
| Amounts receivable within one year40/41 | €25,598 | €18,779 | €62,010 | €74,866 | ▲ 20.7% |
| Trade receivables40 | €25,598 | €18,779 | €56,795 | €42,198 | ▼ 25.7% |
| Other amounts receivable41 | - | - | €5,216 | €32,668 | ▲ 526% |
| Cash at bank and in hand54/58 | €13,399 | €15,501 | €6,851 | €14,114 | ▲ 106% |
| Deferred charges and accrued income490/1 | - | - | €753 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €63,295 | €48,760 | €83,270 | €102,026 | ▲ 22.5% |
| Equity10/15 | €24,293 | €22,157 | €33,519 | €54,666 | ▲ 63.1% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | €18,293 | €18,293 | €18,293 | €18,293 | = |
| Distributable reserves133 | €18,293 | €18,293 | €18,293 | €18,293 | = |
| Profit (loss) carried forward14 | - | -€2,135 | €9,226 | €30,373 | ▲ 229% |
| Amounts payable17/49 | €39,002 | €26,603 | €49,751 | €47,360 | ▼ 4.8% |
| Amounts payable within one year42/48 | €34,609 | €26,603 | €49,751 | €47,360 | ▼ 4.8% |
| Trade debts44 | €22,761 | €6,317 | €26,048 | €24,747 | ▼ 5.0% |
| Suppliers440/4 | €22,761 | €6,317 | €26,048 | €24,747 | ▼ 5.0% |
| Taxes, remuneration and social security45 | €9,062 | €16,090 | €23,702 | €22,613 | ▼ 4.6% |
| Taxes450/3 | €9,062 | €9,345 | €12,889 | €17,699 | ▲ 37.3% |
| Remuneration and social security454/9 | - | €6,745 | €10,813 | €4,914 | ▼ 54.6% |
| Other amounts payable47/48 | €2,786 | €4,196 | - | - | - |
| Accrued charges and deferred income492/3 | €4,393 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,293 | -€2,135 | €11,361 | €21,147 | ▲ 86.1% |
| + Depreciation and write-downs630 | €6,194 | €9,819 | €9,824 | €7,289 | ▼ 25.8% |
| Operating cash flow (approximation) | €24,487 | €7,683 | €21,186 | €28,436 | ▲ 34.2% |
| Investment in fixed assets (approximation) | - | €0 | -€9,000 | -€6,679 | ▲ 25.8% |
| Change in cash | - | €2,102 | -€8,650 | €7,263 | ▲ 184% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 16 days late
2025
30-06
Financial
Highest result since 2022net €21,147 ▲86.1%
Operating result €26,698, net result €21,147, both a record.
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 98 days late
2024
30-06
Financial
Back to profitnet €11,361
Net result €11,361 after one loss-making year.
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 78 days late
2023
30-06
Financial
Weakest financial yearnet -€2,135
Net result drops to -€2,135, the lowest in the series; recovery starts the following year.
08-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Pieters-Leeuw · 1 establishment unit since 2021
Ground area
5,661 m²
Building footprint
2,079 m²
Volume, LiDAR
15,453 m³
2 parcels, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
510
companies at this address
See who is registered here
1 establishment unit
Badi Logistics
since 20212.319.076.790
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22001A0058/00L000 | Flanders | 4,023 m² | 1 · 1,681 m² | 9.0 m · 3 fl. |
| 23077A0118/00W082 | Flanders | 1,638 m² | 1 · 398 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteDrogenbos2.319.076.790
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Of 4,921 companies in sector 53200 we hold annual accounts for 1,323. 1,097 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-06-2021
Fiscal year end30-06
Activities, NACEBEL 2025
53200Other postal and courier activities
49410Freight transport by road
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
81230Other cleaning activities
Contact
E-mail
khalid.elabbadi@hotmail.com
Phone
0487776582
Scores and ratios are computed by Checked and are not a credit decision.